Students pursuing high-need fields of study, like nursing, teaching and STEM subjects may get assistance from state governments. Nursing and teaching grants are issued by states, in return for service obligations that require participants to work in under-served areas. By committing to work as a teacher or nurse within your state, for a period of two to four years, you might receive tuition abatement that amounts to a free ride through college. If you don’t follow through on your end of the service agreement, your grant becomes a loan that you must repay-with interest.
Every state maintains its own college grant programs, and they are typically only available to student residents. While it would be impossible to list every education grant from each state in the union in the space available here, the following examples will give students an idea of the types of programs that may be available through their own state governments. College-bound students are encouraged to visit their state’s higher education website for detailed information on any and all merit-based and need-based grant programs which may be available.
The following list of education grants is expansive in the scope of the programs it covers, but it is by no means exhaustive. Some of the 101 listings are for single grant programs, while others are a gateway to a list of further financial aid programs. At the very least, these 101 Grants Opportunities will give you an idea of the vast array of programs that exist to help deserving students find the money they need for college. It should also, hopefully, give you the confidence to keep searching until you find the grant program that will benefit you.
In addition to grants dedicated to the economically disadvantaged, there are a wide range of grant programs designed to target the needs of students with both physical and mental disabilities. Grants for students with disabilities help to increase college accessibility to students facing a wide range of personal challenges, including blindness, hearing impairment, autism, and decreased mobility due to physical impairment. Disabled students looking for grants to help them pay for college should begin their search by focusing on advocacy groups and charitable foundations dedicated to the needs of people with their particular disability.
Nursing Scholarships provide college financing for students willing to make employment commitments for 2 years of service at crucial-shortage health care facilities. Tuition and other approved expenses are abated in return for the service agreement, and qualified applicants receive monthly stipends beyond college costs. Funding is available to nurses studying at all levels, with half of available resources disbursed to master’s degree candidates. Priority consideration is given to the most disadvantaged students. When service obligations are not met, grants revert to loans that must be repaid-with interest.
Grants for non-traditional students are sponsored by variety of different sources, including state and local governments, corporations, advocacy groups and professional associations. These programs provide vital financial assistance to those non-traditional students who are looking to improve their lives, and the lives of their families, through higher education.
Private student loans: Financing from private lenders might also be listed in your financial award letter, or you can find it on your own. Using federal student loans first is often the best move, Randolph said. However, “if you still need money to bridge the gap between financial aid and the cost of attendance, you’ll have to look at private student loans.”
Some college grant programs are open to all students regardless of background or field of study. These are considered General Grants, and typically are decided according to financial need and academic performance. A great number of college grants, however, are designed to target specific portions of the population or students pursuing particular degrees or career paths. These can be broken down into the following categories.
Historically underrepresented groups, such as African-Americans, Native-Americans, Asian-Americans and Hispanics, are often eligible for higher education grants. Funding for these grant programs comes from a variety of sources, both public and private. Many grant programs are dedicated to increasing diversity in the traditionally white male dominated fields of science and business.
There is a good chance that say the equity in your home and/or some other components of your net worth and income will be held against you in the calculation of your SAR (summary of the financial aid you can expect to receive) of your FAFSA. This does not mean, however, that there are not ways to reduce the financial burdens of the college education expenses.
Few college-bound students have the financial resources to pay for their post-secondary education entirely out of pocket. Even students with substantial college savings plans typically find that they are left with sizable amounts of unmet need. The average total cost of attending a public four-year college is more than $20,000 per academic year. Students planning to attend a private college or university can expect to spend more than $30,000 per academic year. A college education is a costly proposition, and all indications are that those costs are only going to increase.
You must complete the Free Application for Federal Student Aid (FAFSA). This form allows you to apply for all types of aid. There are not separate applications for each type of aid. This form is all you will need to apply. The financial aid process is a lengthy one. The best advice is to get this form in as early as possible, as any delays may affect the timeliness of your award.